Is this you?

Had a couple of defaults or a few credit blips in the past? Or perhaps you’re getting back on-track after a life event? Our Near Prime loan option could help you move onto the property ladder despite a few minor financial hiccups.

Key features of a Pepper Near Prime home loan

No restrictions on length of employment


  • No third party Lenders Mortgage Insurance (LMI) approval required
  • Alternative income verification methods available
  • Phone and internet transaction functionality
  • Interest only repayments available
  • 100% interest offset sub-account
Unlimited number of debts consolidated

  • Unlimited debt consolidation
  • 1 year's tax return options
  • 1 form of income verification for self-employed considered
  • Redraw facility and Visa debit card access
  • Split loan facility
  • Unlimited cash out up to 85% LVR for acceptable purposes. Including renovations and business use.

Unlimited defaults under $1,000 accepted

  • Unlimited defaults, judgements and writs greater than $1,000, listed greater than 24 months (paid or unpaid) accepted
  • Pepper Near Prime Clear interest rates from 4.49%p.a.* (Comparison rate 4.76%p.a.^) up to 80% LVR
  • Pepper Near Prime interest rates from 4.54%p.a.* (Comparison rate 4.82%p.a.^) up to 80% LVR
  • Up to 3 months non-mortgage arrears

To see which home loan option you qualify for, we recommend using our online calculator, where in less than five minutes we’ll estimate your repayments, eligibility and interest rate. What’s more – it won’t impact your credit score, so there’s nothing to worry about.

Calculate borrowing power

Home Loan Product Summary

Loan purpose Purchase or refinance of owner occupied or investment properties, also includes unlimited debt consolidation, cash out and payment of tax debts
Maximum LVR Borrow up to 95% of the property’s value for purchases and up to 90% for refinance
Maximum amount $2,500,000 up to 65% LVR
Minimum amount $50,000
Maximum term 40 years (subject to expected retirement age)
Minimum term 10 years
Interest structure Principal & Interest OR Interest Only (Interest Only available to a maximum of 5 years on Pepper Near Prime PLUS only). Additional terms and conditions apply to Interest Only loans
Repayment frequency Weekly, fortnightly or monthly (Interest only is monthly)
Extra payments Permitted
Offset Sub-account Yes - 100% interest offset sub-account is available. The terms and conditions applicable to offset sub-accounts are set out in the customer’s loan agreement

Like to know more: Call us now 137 377. Or download a detailed product description >

Think Pepper Near Prime could be right for you?

Get an estimate on how much you can possibly borrow with Pepper in a matter of minutes, based on your income and financial commitments.

Find out now This calculator is to be used as a guide as to whether you may be able to borrow a certain amount only, based on the basic information you have provided. It does not provide you with formal approval for a loan and you should not enter commitments based on the result. If you need a formal approval, contact us now on 137 377 to discuss your needs.

Borrowing options

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  • Tax returns not completed
  • Payout business debt
  • Payout tax debt

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non standard income
Non-standard income
  • PAYG income
  • Part time, casual or second job
  • Other income sources 

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Home buyer
  • Borrow up to 95% of the property value on some loans
  • Gifted deposits allowed
  • Borrowers with impaired credit history considered

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  • Interest only repayments available
  • Negative gearing benefits applied
  • Rental income considered for loan servicing

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Bad credit
  • Past defaults or late payments
  • Previous mortgage arrears
  • Refused credit by another lender

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  • Consolidate unlimited number of debts
  • Pay out private or solicitor debts
  • Cash out for personal use like home renovations

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debt consolidation home loan borrower
Debt consolidation
  • Consolidate unlimited number of debts
  • Pay out an ATO tax debt
  • Impaired credit history considered

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Home Loan Calculators

how much can i borrow
How much can I borrow?

Work out how much you may be able to borrow in today's home loan marketplace.

Calculate >

Home Loan Repayment Calculator
Home Loan Repayment Calculator

Work out your monthly or fortnightly mortgage repayments and the total interest payable for the life of the loan.

Calculate >

Stamp Duty Calculator
Stamp Duty Calculator

Work out how much stamp duty you may need to pay on a property in each state in Australia.

Calculate >

Calculate borrowing power Call 137 377 Enquire now

We can help

Ready to apply or want to discuss your home loan needs? 

Get a quick borrowing estimate
Enquire today and talk to a Lending Specialist

Make an enquiry today and a Lending Specialist will contact you as soon as possible.

Make an enquiry now >

Speak to a Home Lending Specialist

Speak to a Home Lending Specialist on 137 377. They're here to help. 

Call 137 377 >

Help at hand

Here are some handy tips and guides to help you on your home loan journey.

Important Information

Information and interest rates are correct as at 23 June 2022 and subject to change at any time. Offers and promotions are available for a limited time and may be continued, withdrawn, or changed at any time without notice.

All applications are subject to Pepper's credit assessment and loan eligibility criteria and lending limits. Terms, conditions, fees and charges apply.

*Pepper Essential/Prime home loan variable interest rates range from 3.39-5.84%p.a. (Comparison rates range from 3.59%-5.72%p.a.^), Pepper Clear/ Near Prime home loan variable interest rates range from 4.24-7.94%p.a. (Comparison rates range from 4.52-7.90%p.a^.), Pepper Easy Near Prime home loan variable interest rates range from 4.30-8.09%p.a. (Comparison rates range from 4.58-8.05%p.a^.), and Pepper Advantage/Specialist home loan variable interest rates range from 5.19-9.04%p.a. (Comparison rates range from 5.49-9.05%p.a^.). The actual interest rate applicable will depend on the individual borrower's circumstances.

^All Comparison Rates are calculated based on a secured loan of $150,000 and a term of 25 years. WARNING This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Comparison rates for Variable Interest Only home loans are based on an initial 5-year Interest Only period.